ChainCatcher news, FOX Business reporter Eleanor Terrett posted on X that during a meeting this week with staff from SEC Commissioners Hester Peirce and Mark Uyeda, the Digital Chamber's Token Alliance noted that addressing the 2018 Hinman speech is a priority for the Corporation Finance department on its first day, arguing that its lack of relevance to the Howey test creates market confusion and improperly creates a winner/loser dynamic.
Other first-day priorities marked as 'critical' include:
Launch a review of all existing crypto-related investigations, Wells notices, and ongoing litigation cases, and seek to suspend those cases that do not involve actual fraud or investor harm;
Revoke SAB 121 and issue a revocation order in the Federal Register;
Officially withdraw and reconsider the proposed amendment to Rule 3b-16, which proposes to expand the definition of 'exchange' to include DeFi protocols;